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Cannabis Stock Pure play marijuana stocks are scarce. Most companies in the marijuana industry trade over the counter (OTC), where solid information regarding operations and financials is difficult to retrieve. Exceptions extend to issues such as GW Pharmaceuticals plc (NASDAQ: GWPH), a British biopharmaceutical company that developed two cannabis-based drugs licensed for use outside the United States. Sativex is used to treat muscular contractions in multiple sclerosis patients, and Epidiolex targets epileptic seizures in children. Both drugs have entered Phase 3 clinical stage trials in the United States. GWPH has a $2 billion market cap and had returned 23% year to date (YTD) as of Aug. 15, 2016.

Political and legal obstacles remain the highest hurdles for the marijuana industry in 2016. Four states, Oregon, Washington, Alaska and Colorado, have legalized recreational marijuana, and 25 states plus the District of Columbia have approved cannabis for medicinal purposes. The plant is categorized at the federal level as a Schedule 1 drug, possessing the highest risk for psychological and physical dependence, and more curiously, having no acceptable medical use.

Legalization Momentum BUZ ON CANNABIS STOCK

A February 2016 survey conducted by the Associated Press-NORC Center for Public Affairs Research revealed that 61% of Americans support marijuana legalization, up from 58% in October 2015. Four additional states, Arizona, California, Massachusetts and Nevada, vote on recreational legalization in November 2016. The Obama presidency has seen a 17% increase in legal cannabis supporters since 2008, and the next administration likely faces mounting pressure to initiate further federal reform.

U.S. cannabis issues face considerable headwinds, as the drug is still illegal at the national level. As such, marijuana growers, processors and dispensaries are subject to considerable taxation by state and federal agencies.

Among the 83 publicly traded stocks tracked by MarijuanaStocks.com, only three traded for more than $5 per share as of Aug. 3, 2016, with the vast majority positioned below $1. Investors willing to take a flyer on an upstart cannabis purveyor may bear the risk, but most discerning buyers avoid these issues.

Terra Tech Corp. (TRTC) Signs Letter of Intent to Acquire Cannabis Cultivation and Production Facilities in Nevada Terra Tech Corp. (TRTC) (“Terra Tech” or the “Company”), a vertically integrated, cannabis-focused agriculture company, announced today that it has signed a non-binding letter of intent to acquire 50% of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC. The
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TerrAscend Commences Cultivation of Medical Cannabis   TerrAscend Corp. (CSE: TER) (“TerrAscend” or the “Company“), is pleased to announce that its wholly-owned subsidiary, Solace Health Inc. (” Solace Health“), has commenced cultivation activities at its headquarters in Mississauga, Ontario. The experienced team at Solace Health will begin cultivation by planting rooted starting materials, with an
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Digital Arts Media Network, Inc. Purchases An Equity Stake in Cannabis Crowd Funding Company, Fundanna, Inc. PRESS RELEASE  Digital Arts Media Network , Inc . (DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has closed a transaction to purchase an equity position in the cannabis crowdfunding company Fundanna, Inc. – owner of Fundanna.com
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SinglePoint Continues Accelerated Growth in Cannabis Sector with Letter of Intent to Acquire Dr. FeelGood PRESS RELEASE SinglePoint, Inc. (OTC PINK: SING) today announces it has signed a Letter of Intent (LOI) to acquire Dr. FeelGood, an already profitable Phoenix-based medical marijuana distribution company with plans to develop a proprietary delivery and ordering technology. Per
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Future Farm Announces Video of Cannabis Extraction Facility PRESS RELEASE Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that a video of the previously announced California extraction facility is now online and available for viewing. Investors are encouraged to view the Company’s progress by clicking on
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